7844 E Rovey AveScottsdaleAZ85250
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Scottsdale at 7844 E Rovey Ave, Scottsdale, AZ, 85250 priced at $325,000 converts $2,245/mo rent into $41/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,245/mo, and annual cash flow totals $487/yr on $107,738 invested. Return on cash invested prints 20.36% in year one, and rental yield reads 8.29% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 106.06% and total cumulative return in cash sums $114,265. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,245/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Townhouse
Built in 1974
802 sqft lot
$N/A/sqft
$283 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85250, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,642 (100%) |
| Owner Occupied HU | 6,442 (66.8%) |
| Renter Occupied HU | 1,958 (20.3%) |
| Vacant Housing Units | 1,242 (12.9%) |
| Median Home Value | $618,652 |
| Average Home Value | $733,635 |
Housing Distribution
Address Breakdown
Residential
9,446
Single Family
7,009
Multi-Family
2,437
Businesses
551
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Listed by: Nicole Eaton • Compass
Mls Name: ARMLS
Mls Provider:
Mls ID: #6861395
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR- Chris Long - (480) 907-1010